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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of early 2018 less than 3% of the total condo market is up for sale (roughly 280 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in 2019. The next new condo building will be completed some time after 2020, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
You’re on top of the world in this exquisite Penthouse Residence perched above San Diego Bay in the most desirable south-west corner. Breathtaking 180 degree views of the...
- 2 Beds
- 3 Baths
- 190004028 MLS
- Bayside Bldg.
- ACTIVE Status
A stylish, charming and highly upgraded home on Cortez Hill w/ rare, expansive 600 sq.ft. private terrace! Perfect for indoor/outdoor living with ample entertainment in a...
- 2 Beds
- 2 Baths
- 190003926 MLS
- The Park At 10th Bldg.
- ACTIVE Status
RARELY AVAILABLE, LIGHT, AIRY, SPACIOUS, LARGE PRIVATE END UNIT & upscale sanctuary, LARGE 2 bed/2 bath with balcony IN THE HEART OF LITTLE ITALY, WALKING DISTANCE TO EVE...
- 2 Beds
- 2 Baths
- 190003856 MLS
- Village Walk In Little Italy Bldg.
- ACTIVE Status
On the 7th (top) floor and 777 square feet, 7's are wild! No one above you! Perfect central Gaslamp location! Move in ready. Spacious layout with top of the line stainles...
- 1 Beds
- 1 Baths
- 190003791 MLS
- Gaslamp City Square Bldg.
- ACTIVE Status
Marina Districts Luxury Pinnacle Residence that gives you the Best of the Best! 2 Bedrooms, Plus Den, 2.5 baths, 2 Patios all with amazing views. Highly sought after floo...
- 2 Beds
- 3 Baths
- 190003770 MLS
- Pinnacle Bldg.
- ACTIVE Status
Exceptional location in downtown San Diego’s coveted Marina District. It's not often you find a complex that has guest parking AND 2 deeded spaces. Horizons North tower, ...
- 2 Beds
- 2 Baths
- 190003754 MLS
- Horizons Bldg.
- ACTIVE Status
If East Village is the place to be, then ICON is the place to live! This 2 story, top floor townhouse features new flooring, new quartz kitchen countertops and backsplash...
- 2 Beds
- 3 Baths
- 190003752 MLS
- Icon Bldg.
- ACTIVE Status
Little Italy PRICED TO SELL! Large private patio with street access (great for dog lovers) Newly remodeled downtown condo 2BR 2BA ground flr home has additional entry to ...
- 2 Beds
- 2 Baths
- 190003723 MLS
- Acqua Vista Bldg.
- ACTIVE Status
Welcome Home to Leon Townhomes. Designed and Built by Award winning firm Nakhshab Development & Design (NDD) draws inspiration from the mid-century era of Architecture, ...
- 3 Beds
- 3 Baths
- 190003654 MLS
- ACTIVE Status
Welcome Home to Leon Townhomes. Designed and Built by Award winning firm Nakhshab Development & Design (NDD) draws inspiration from the mid-century era of Architecture, ...
- 3 Beds
- 3 Baths
- 190003652 MLS
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 Sandicor®, Inc.
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